QuantitativeExhaustion
Short

SPY Weekly Options Decembet 7th

BATS:SPY   SPDR S&P 500 ETF
314 4 8
Slightly Bearish this week. Monday-Tuesday looking to SELL Calls and BUY Puts if price targets green triangle. If price breaks out above channel, I will BUY Calls. If price breaks below the bearish channel, I will adjust Put BUYING in deeper out-of-the-money puts.

A few conditions or options to trigger a Call play or Put play with a longer trending Call play. Out-of-the-money Options .01 to .04 per contract, 900 to 280 contract options (100 shares per contract); .05 to .12, 250 to 100 contract options .12 to .25 100 to 50 contract options.

Some rules: Do not hold contracts when nearing in-the-money. Rollover Calls and or Puts if pattern breaks or breaks down. If buying or selling options after mid-day trade on expiration day, execute trades within .50 of price target and bump up/down .50 if S&P             is on a run or breaks given the adequate time (more than 40 mins. until expiration unless rare case extreme high implied volatility- i.e. 08-09 crash/flash crash/US downgrade).

If all else stop trading to rest and rethink strategy. *These are high risk trades. Only risk very little and reap big rewards if correct.
Some if's ... but preparing limit orders for tomorrow

If we price 140.90 or below .. closing 35 contracts 143 Call position (selling) -- Purchased for .88 -- limit order open to close -- for .08 or equal to .80 per contract x 35 contracts x 100 shares
If we breach 141 tomorrow... selling 52 contracts 140 puts Purchased for .24 -- limit order sell to close -- for .71 per contract x 52 contracts x 100 shares

Also have 64 contracts 139.50 Puts... will continue to add if 140.40 is breached. I'll wait for retest 140.80 and buy more later in the week.
For now the plan will be selling at 140.80. Purchased 139.50 Puts for .20 per contract and selling 65 contracts for .57 x 100 shares
Reply
Take note of open short positions in Eur/Usd trade
http://fxtrade.oanda.com/analysis/open-position-ratios

.. could be a big squeeze/snapback in SPY coming & until today the two pairs were at a very high correlation.
Reply
Take note of open short positions in Eur/Usd trade
http://fxtrade.oanda.com/analysis/open-position-ratios

.. could be a big squeeze/snapback in SPY coming & until today the two pairs were at a very high correlation.
Reply
sold puts today and initiated a long position
Reply
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